TN · Metro #167

Kingsport - TN housing market

The Kingsport metro has a typical home value of $243,171, up 1.0% from a year ago. Homes sell in 24 days on average - a balanced market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$243,171
+1.0% vs. year ago
Median sale price
$237,052
+4.9% YoY
Median list price
$309,967
Sale-to-list ratio
95.7%
Selling below ask
Days on market
24d
Listings w/ price cut
28.5%
New listings / mo
355
+3.8% YoY
Homes for sale
1,148
+8.1% YoY
Typical rent
$1,327/mo
+5.8% YoY
Context

How to read this data

The typical home value ($243,171) is the Zillow Home Value Index for the Kingsport - TN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.0% over the past year. In Kingsport - TN, that means a home worth $240,763 last year is now worth roughly $243,171.

The median sale price , what homes actually close for , is $237,052. Homes are selling at 95.7% of list price, meaning buyers have room to negotiate.

Homes listed in Kingsport - TN sit on the market for roughly 24 days before going pending. Shorter = seller's market; longer = buyer's market.

About 28.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 355 new listings hit the market each month in Kingsport - TN. There are currently 1,148 homes for sale, up 8.1% from a year ago.

The typical monthly rent in Kingsport - TN is $1,327, up 5.8% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Covered Home Repairs
Related

Other metros in TN

MetroHome value1-yr changeDays on market
Nashville - TN$455,068 -0.9% 29.0d
Memphis - TN$245,951 +0.0% 29.0d
Knoxville - TN$363,741 +1.6% 21.0d
Chattanooga - TN$324,101 +0.3% 25.0d
Clarksville - TN$293,331 -0.7% 35.0d
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